It’s not so horrible to sell cell phone accessories if you want to launch a business. The company is successful and can provide you with a variety of advantages in the future, particularly when it comes to profitability and scaling.

We’ll give you a brief overview of the Chinese smartphone market below and offer some advice on how you can start selling mobile phone accessories wholesale:

State Of Mobile Accessories Industry

Most people nowadays who want to start a business look for profitable industries that offer significant returns quickly. You’ll need a sizable consumer base and consistently popular products to make that work.

Because of this, the market for mobile accessories is rising. The number of wireless communication customers will surpass 1 billion in 2020. In 2020, the country’s smartphone penetration rate was 42 percent, and according to predictions, it might reach 511 percent by 2025. it’s becoming more mobile-penetrated than nations like Nigeria.

Due to their affordable and midrange mobile phones, brands like Xiaomi, Realme, Samsung, Vivo, and Oppo are among the best International companies including Samsung, Philips, Realme, and Xiaomi are well-known in the market for smartphone accessories.

There is a sizable market for cell phone accessories because many people use mobile devices. The market for mobile accessories has been expanding at a rate of 10.5% each year, and researchers predict that by the end of 2024, it will be worth USD 3.54 billion.

6 Steps To Launch Your Chinese Mobile Accessory Business

Following your decision to sell mobile phone accessories, the following are some of the most important actions you should take into account:

⊗ Examine the marketplace

with everything you want to offer; you need to think about the market and the users who will be buying it first. As you work toward starting your mobile accessories business, the market study will help you tremendously, and there is plenty to discuss in this area.

Look at what your rivals offer and try to create something unique. Investigate what others are talking about on social media to stay on top of the most recent trends and preferences. Determine the major social influencers in the mobile accessories industry. They’ll provide rapid insight into the most recent fashions and trends.

⊗ Location 

You need to decide where you want to set up shop after determining what you will sell or offer as an after-sales service.

The location doesn’t have to be physical, which makes it intriguing. If you decide to build a physical business, you are aware that you need to think about your target market and the best way to reach them. However, you must consider the same if you want your store to be online. Online accessory firms typically cater to a particular portion of the Chinese market; however, this segment is typically at the upper end of the market.

The most important aspect of every decision you make must be your proximity to the market. Your target market will be closer to you if you choose the proper location. To start selling and raise your profit margin sooner rather than later, you need to find customers that require these mobile accessories.

⊗ Capital and investment source

One of the most important aspects of launching a mobile phone accessory business is finding and nurturing finance. After all, without money, there is nothing you can accomplish. You likely have a good sense of how much money you will need to launch and grow your firm at this point.

⊗ When choosing a provider, you should prioritize their reputation.

Pick a vendor who consistently offers high-quality goods. In this manner, you are certain of their reliability. Keep in mind that you can sell everything you receive from the source. Therefore, there is a good risk that your consumer base would shrink quickly if they only offer low-quality goods while you only sell high-quality goods.

This has a big impact on things like USB cords and phone coverings. When customers purchase cables from phone accessories suppliers and discover the cables are of poor quality, they will no longer want to do business with them.

Additionally, you should think about using a local source. These people can give you what you require more swiftly and affordably. Consequently, you can further raise your profit margin.

⊗ Keep in mind to invest in things that sell quickly.

You must remember that the mobile market is always changing and never stays the same. New technologies and products are continually added to the mobile phone market. For instance, everyone is currently moving away from cable technology and toward wireless technology. This was once perceived as being nearly impossible.

The key takeaway is to pay attention to trending products and perform the best. Because they are in high demand, invest in them and purchase them. Avoid being forced to deal with a blocked inventory.

Take into account how COVID affects the customers demand for mobile accessories. Previously, power banks were the most popular accessory, but demand has decreased since more people are working remotely.

Instead, consider something different. People want bright colors, so think of mobile accessories as fashion items. Wireless chargers, Bluetooth speakers, and earphones are all in more demand.

⊗ Create marketing platforms

Another important area that you must concentrate on is marketing. Without efficient marketing, no business can exist, so you need a strategy to help spread the word about your brand. You have an even larger requirement for marketing if you operate an online store.

To sell yourself, you must join social media platforms. 624 million Chinese people use the internet, while 448 million utilize social media. Between 2020 and 2021, there was a 21% growth in social media users. Businesses now easily access platforms like Facebook, Twitter, Instagram, and others for self-promotion and exposure. You may connect with someone who needs mobile phone accessories wholesale using the power of the internet. Once you deliver your goods to them, the sale is yours! To learn more, visit us at We Accessory!